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> Solend realised this, and took a vote on seizing this amount (effectively removing the tokens from the owner's ownership and preventing them from exiting thei
by gst 4y ago
> Solend realised this, and took a vote on seizing this amount (effectively removing the tokens from the owner's ownership and preventing them from exiting their position) requiring only 1% of token holders to approve. The vote passed.
Wouldn't it be in Solana's interest to continue being used as collateral? Why would anybody continue accepting Solana-based collaterals if funds can be seized at will?
- vgatherps 4y agoSolana’s only involvement is being the blockchain. They can’t do much about it other than pressure the team to make decisions one way or the other, or try and convince validators to rollback and fork the network like with the eth hard fork
- joshuaissac 4y ago> Why would anybody continue accepting Solana-based collaterals if funds can be seized at will? The creditors might get back less money than they lent to the whale if the whale defaults and the creditors have to sell Solana. So doing nothing is not great for them, either.